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The post Pi Network Turns One: Milestones, Migration Gaps, and What’s Next for Pi Coin appeared first on Coinpedia Fintech News Pi Network’s open mainnet just turnedThe post Pi Network Turns One: Milestones, Migration Gaps, and What’s Next for Pi Coin appeared first on Coinpedia Fintech News Pi Network’s open mainnet just turned

Pi Network Turns One: Milestones, Migration Gaps, and What’s Next for Pi Coin

Author: CoinPedia

Source: CoinPedia

2026/02/20 18:09

2 min read

PI$0.17447-4.62%

The post Pi Network Turns One: Milestones, Migration Gaps, and What’s Next for Pi Coin appeared first on Coinpedia Fintech News

Pi Network’s open mainnet just turned one. From exchange listings and protocol upgrades to over 16 million migrated users, the past year reads like a highlight reel. But behind the milestones, a different story is playing out.

A significant portion of the Pi community still can’t touch their coins. KYC remains incomplete for millions. Tokens sit unmigrated. Balances show zero.

The gap between what’s been announced and what users have actually experienced has become a recurring theme across the Pi ecosystem.

2FA Is Now a Hard Blocker

Users who haven’t completed two-factor authentication are stuck. The mainnet checklist requires Facebook verification, phone number, and email before any tokens can migrate.

This isn’t optional. As Crypto Boy put it, “It is one of the most important thing to migrate your Pi coin to the mainnet wallet.”

Without it, Pi stays locked regardless of how long someone has been mining.

Pi Node Upgrade Roadmap: Five Versions Still to Go

The v19.6 protocol upgrade completed successfully on February 15. But the road ahead is long.

Next up: v19.9 is targeted for February 27. Version 20.2 follows on March 12. After that, the network still needs to push through to version 23. That’s five more upgrades after the one that just shipped.

Every step is sequential. All nodes must complete each upgrade before the network moves forward.

Pi nodes run on the Stellar Consensus Protocol, validating transactions and maintaining the blockchain’s decentralized backbone. Node operators earn additional Pi rewards for their role.

Pi Coin Price Dropped 11% Before Anniversary

Pi coin saw an 11% price drop in the day before the anniversary despite the week-long rally that preceded it. It is now trading at $0.1761.

Year one is done. The question now: can Pi Network close the gap between its roadmap and its reality before year two runs out?

Also Read: Altcoins Face Worst Sell Pressure in Crypto History With $209B in Outflows

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